National Beverage Corp. (NASDAQ:FIZZ) Stock Holdings Trimmed by Dark Forest Capital Management LP

Dark Forest Capital Management LP lessened its position in shares of National Beverage Corp. (NASDAQ:FIZZ) by 44.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,764 shares of the company’s stock after selling 3,798 shares during the period. Dark Forest Capital Management LP’s holdings in National Beverage were worth $203,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in FIZZ. Covestor Ltd lifted its stake in National Beverage by 14.3% during the fourth quarter. Covestor Ltd now owns 2,994 shares of the company’s stock worth $128,000 after purchasing an additional 375 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of National Beverage by 3.4% in the 3rd quarter. Franklin Resources Inc. now owns 11,547 shares of the company’s stock worth $528,000 after buying an additional 383 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of National Beverage by 38.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,499 shares of the company’s stock valued at $64,000 after buying an additional 415 shares during the period. GAMMA Investing LLC grew its position in shares of National Beverage by 43.6% during the 4th quarter. GAMMA Investing LLC now owns 1,594 shares of the company’s stock valued at $68,000 after buying an additional 484 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC raised its stake in National Beverage by 1.5% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 37,256 shares of the company’s stock worth $1,590,000 after acquiring an additional 564 shares during the period. 23.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, UBS Group lowered their target price on National Beverage from $46.00 to $41.00 and set a “sell” rating for the company in a report on Thursday, February 27th.

National Beverage Price Performance

Shares of NASDAQ FIZZ opened at $43.88 on Wednesday. National Beverage Corp. has a 1-year low of $38.25 and a 1-year high of $53.48. The firm has a market capitalization of $4.11 billion, a PE ratio of 22.05 and a beta of 0.94. The business’s fifty day moving average price is $41.82 and its two-hundred day moving average price is $43.80.

National Beverage (NASDAQ:FIZZ) last released its quarterly earnings data on Thursday, March 6th. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.03). The firm had revenue of $267.05 million during the quarter, compared to analyst estimates of $282.22 million. National Beverage had a return on equity of 42.80% and a net margin of 15.63%.

Insider Buying and Selling at National Beverage

In other news, Director Stanley Michael Sheridan sold 8,000 shares of the firm’s stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $43.40, for a total transaction of $347,200.00. Following the transaction, the director now directly owns 62,408 shares of the company’s stock, valued at approximately $2,708,507.20. This trade represents a 11.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 74.80% of the stock is owned by company insiders.

National Beverage Profile

National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of sparkling waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company's Power+ brand portfolio offers sparkling water products under the LaCroix, LaCroix Cúrate, and LaCroix NiCola; non-carbonated flavored water under the Clear Fruit; energy drink and shots under the Rip It; juice and juice-based products under Everfresh, Everfresh Premier Varietals, and Mr.